-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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I’m glad the police are finally cracking down on this criminal behavior. But I live near a construction site, in which I can clearly see all of the workers “congregating” together — and much closer than people at the parks. Who knew that building new condos to open in two years was an “essential business” worth risking the Black Lung Death? I’m glad that the police are leaving them alone and concentrating on the true lawbreakers — in the parks! But the most important question — Are the arrests creating a disparate impact on communities of color? Are women being… Read more »